The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DSP Trustee Pvt Ltd
PRINCEPIPE · price
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DSP Trustee Private Limited, acting on behalf of schemes of DSP Mutual Fund, DSP Alternative Investment Fund, and DSP Global Funds ICAV (treated as persons acting in concert), acquired 42,441 equity shares of Prince Pipes and Fittings on May 21, 2025 through open market purchases. This small buy raised their combined holding from 4.98% (55,04,967 shares) to 5.02% (55,47,408 shares) of the company's paid-up capital. The disclosure was filed under Regulation 29(1) of SEBI Takeover Regulations because the holding crossed the 5% reporting threshold. DSP is not part of the promoter group; the acquisition was done via ordinary equity shares in the open market.
This is a routine SEBI disclosure triggered by a large fund family marginally crossing the 5% disclosure threshold — not a takeover signal. For shareholders, it indicates continued institutional interest from DSP MF in Prince Pipes, though the incremental buy is tiny (0.04%) and unlikely to materially move the stock.